UFO Sighting in Tacoma, Washington on July 20th 2014 – red orb hovering then slowly moving south then fading and blinking out

Was in the back yard with two friends in east Tacoma wa. midnight emptyienjoying bonfire when one friend notices a red orb hovering about 1-200 ft away to the east. It slowly started moving south about 5mph for 1 or 2 minutes then stopped, went up a few ft then faded and blinked out, didn’t go anywhere just faded out.